The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-03
fTrom Our Second Edition Of Sunday.1
RICHES INSTEAD OF FAME
The Attractions of Business Instead Of
Politics to Public Men Of Brains.
The Achievements of Conkling. Ingersoll and
Russell Sage-Tom Reed, Of Maine. and
Patrick Collins Likely to Follow Them.

tive business life in New York. 1t has been
said that Mr.. Reed. if he could have made just
the business connections that he desired, would
have resigned his seat this fall.
He is certainly greatly pleased with what he
has already learned of business life in New
York, and has expires sed himself satisfied
that q man of fair talents and his experience
go there and make money. l happened to be in
N ew York some weeks ago, and as was enter
ing the great Mills building ran almost into
Mr.. Reeds arms. He never seemed so busy
when in Congress. He wore the earnest look
of the brokers who cram the business that would
re quire many men q month to do into few
hours His step was light He had memo
randum book in his hand, and he had been look
ing at ticket.
We chatted few minutes, and he then said
enough. though indirectly, to justify surmise
that he was engaged in what TO him was new
nd delightful experience, and then he rushed
away across the street JUST as if he were going
to place an order to buy or sell good block OF
stock.
Many reasons would naturally lead Reed TO
take this step. He has been in Congress ten
years. and what has he won? Reputation for
one thing. He is easily the leader of his party,
and has been for some years. II the party was
In the majority ne would % sne mex. Speaset .
he realizes that just he is turning fifty he has
political future as things look now to him.
He cannot hope to enter the Senate so long as
Frye ana Hale rcmain in politics, aud he chafes
and frets under the shadow which BlalneS
| magnificent personality and influence in the Re-
| publican party casts over every Republican in
| Maine, and in fact, in New England. He has
gained reputation. then. for brilliancy, wit, wis.,
| dom. caution ana the AFFINITY TO lead. but bnat
doesn't bring him a bank cunt, and will not
SO long as he remains in the House
Reed, in conversation wi tn his intimates OF
late. has spoken in a manner that indicates that
he believed that the time has come for his
abilities to bring him some thing more substan-
tial than mere reputation. especially such
clans usually are. If he is ever going to make
himself independent he undoubtedly feels that
now is the time and New York the place. and
Wall street the field Some OF Reeds friends
think that if he can master his predspositon to
Incidence he will prove to be shrewd an oper-
| ator as ever went upon the street, and he has
| there. He has been SO long member or the
| judiciary committee and has had SO many occa-
| slons to make those railroads which have been
subsidized by tho govern me Mt subject OF study
| tn at he is master of the subject
Reed has reached that point in his career
where he has learned that there is "A good deal
| more content to be found in riches than in polit-
| ical fame. and he is inclined to think that the
same abilities which have brought him political
! repute can be capitalized into hard cash II he
| chooses to use them in that direction.
| Very likely Reed has had his attention turned
| in the direction OF money making in New YORK
| by the experiences of some of his former asso-
| ciates in Congress. Reed seems to have come
| to a time in the career OF politicians who have
won some successes, when they suddenly check
| that career and begin in business.
| and the tendency Of many OF them is to settle
| in New York.
When Reed on his last visit to New York
| bumped up against Tom Ewing on Wall street
he met very different man from the needy and
| aim OSC 9eeQy momDeT Oh Inc Iouso tuht lW luz
| was. He was regarded as a particularly bright
| man. He had back Of his own abilities the
splendid prestige Of his fathers name He was
| related to Blaine and the Shermans. But when
| no retired from politics defeated candidate
for Governor of Ohio, it was generally suspected
that Tom Ewing was fat on his back 1t he
| wasn't he was so near it that he wasn't very
happy. He showed the old Ewing blood that
| WAS in him. however. by turning a square Cor
tons and striking out anew in New York. And
he is now q happy man. and needed not to
assure Tom Reed of his success here He hesnt
made great future. but ne makes handsome
income is independents. and has Us good time
as any man ought to ask.
Then there was Milton H. Sayler. another
| Ohio man, who ten years ago was premlnene
enough in politics to be elected Speaker of the
House after Speaker Kerr's death. He made a
| honors were predicted for him. but he. too, dis
| covered that politics make the most unstable
foundation for any man to stand upon when he
goes into it to make money! risky thing now
| adays. Saylsr too. pulled up root and branch.
turned his back upon politics with disgust and
went to New York He struck the nail squarely
| on the head when he did SO, and prosperous
| and happy man he became.
Frank Hurd, though he has not taken up his
| legal residence in New York, and has by nc
| means given up his political ambitions makes
the city his business headquarters. and is earn
| ing very handsome fees principally as one OF
| counsel for John w. Mackey and Ed Stokes in
their vast cable and other enterprises. Hurd.
| however, does not seem to apply himself very
vigorously to professional labors He is fairly
| habits except fondEess for choice and rare
books upon financial and economic subjects.
The story of Conk!ings colossal success in the
residence in New York is we'll known, but Mr.
Hurd, who knows something about Conkling's
fees, is inclined to think that the amount OF his
earnings has bssn understatsd rather than over.
| Mr.. Hurd is disposed to. place the sum that
ConklinR has earned in the past fifteen months
success by one who quit politics to take up bust
| ness activity in New York city has been paral-
leled by only one man. and his success has been
far greater than Conklings. That 10 Russell
Sage, who represented the Troy district in Con-
gress and gave MP his seat when he was barely
fifty to go into the whirlpool OF the Now 1olk
out of it Of the colossal fortunes OF the world
Another Of Mr. Reeds former friends in Co
press who Quit Congress to 90 to New YORK.
was Scott Lord, who recently died Mr.. Lord
was once q law partner of Roscoe Conkling, In
Utica He was Democrat He was elected
from the Utica district to Congress, ten years
ago and found when he had finished his term
that his practice in Utica was seriously en-
croached upon. He decided to locate New
York citv. and in three years had built up a
practice that paid him more than twenty years
in Utica had. 1t is said that one fee he received
was $40. 600.
Gen Patrick Collins of Boston, the brilliant
Irish American, found at the end of his second
term in Congress that there was plenty or FUN
and glory in the experience but an appalling
amount of expense, besides a serious danger TO
his professional business IN Boston he made
up bis mind under no circumstances to return 70
Congress, and was very strongly urged By proml-
nens men to establish himself in business in
New York. 1t is possible that he will make a
business connection there, but will retain his
reside in Boston. Collins very unexpectedly
and regrstfully was re elected to Congress, hav-
ing been nominated the Saturday night before
election, and because without his nomination q
| split was probable in his district.
Though Col Iugersoll was not member OF
| Congress he was very prominent here during a
large part of MIR. Reeds career here. No one
knows exactly why Col. Ineersoll quit Wash
ington, where he had large practice. but it Is
believed to be in some measure due to the
eaueamishness of society against receiving tho
Colonel or his family account of his agnostic
views There 10 no doubt Col. Ingersoll felt
very kesnly the failure OF Mr.. Blaine or his
Colonels socially.
Whatever the reason. Immediately after the